£198,833
This estimated value is based upon the latest sale price for the house of £160,000 on 17 Dec 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £160,000 | 17 Dec 2018 |
| £72,000 | 21 Aug 2002 |
| £56,000 | 6 Jun 2002 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in December 2018 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £160,000 results in an estimated price of approximately £198,833.
| 17 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £160,000 | £38,833 | £198,833 |
The Postcode Pricing Model uses changes in average sales price within the CV2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 22.047 % | £35,275 | £195,275 |
| 3 Month Average | 22.159 % | £35,454 | £195,454 |
| 6 Month Average | 21.239 % | £33,983 | £193,983 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £198,043 | £195,000 | 53 WESTMORLAND ROAD |
| 15 Sep 2023 | £196,328 | £192,000 | 182 WESTMORLAND ROAD |
| 10 Mar 2023 | £84,918 | £83,500 | 48 KESWICK WALK |
| 4 Nov 2022 | £197,078 | £198,000 | 134 WESTMORLAND ROAD |
| 19 Aug 2022 | £168,287 | £167,500 | 59 WESTMORLAND ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 23 Aug 2018. Using an estimated price of £198,834 means this house is valued at £2,485 per sq meter (£230 per sq foot).
The average size of a house on KESWICK WALK is 85 sq meters (921 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Keswick Walk |